The binary choice was not a good one, but I wouldn't anticipate some remarkable improvement of fiscal responsibility or operational efficiency in this second act.Before I post, remember all - you can talk policy but not denigration of parties/personalities.I think your points are well stated.

Some packages genuinely improve property performance, while others might feel excessive.

Are you looking to pay off the hard money loan, fund another investment, or cover property improvements?

There will always be room for improvement, might as well keep learning.3) Take ActionMy mentor taught me this very important idea “Say Yes.”

Consider increasing rent, refinancing, or switching to a mid-term rental to improve cash flow.

If you can’t find something with significantly better returns, holding might be your best option.Alternative to sellingIf you’re hesitant to sell but want to improve returns, check if the current rent is at market rate.

Even if such a loan existed (which I doubt), once Vincent self funds all improvement costs, finance charges, carrying costs etc., I doubt he's any better off.

Historically, full service management on the coast has been costly but in recent months management rates have come down and quality has improved.

We will then, as the units turn over, get rents up a good bit further with additional design improvement renovations and hopefully reno into lower interest rates when they drop or at the very least in 5 years on our 20 year we'll have paid off enough to refi into a smaller loan.That is the only kind of smaller deal we can find in neighborhoods where we want to buy now. 

My question is why you want to bring it up to code, other than just to feel good or improve your exit strategy?